Home Purchase - Page 6
Page 6 of 21 - Home Purchase Article Archives
Tips and advice to help Veterans and military families get the most from homebuying
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Using Basic Allowance for Housing (BAH) on VA LoansAn incredibly powerful benefit of the VA home loan is military members' ability to use their Basic Allowance for Housing (BAH) towards their mortgage payments. BAH rates depend on several different factors, so it's crucial to verify your amount with the DOD.
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The Potential Pitfalls of Purchasing on a Private RoadPrivate road agreements are a big deal when it comes to VA mortgages. Understand the potential hurdles before you get too deep into the loan process. -
Getting A VA Loan Using Self-Employed Income
If you’re a self-employed VA borrower, you should be prepared to do a bit more work when it comes to verifying your income and providing proper documentation to support your business. While crucial for confirming your loan eligibility, these verification policies vary depending on the lender.
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How to Get a VA Energy Efficient Mortgage (EEM)Wondering whether an Energy Efficient Mortgage is right for you? There are a lot of options when it comes to the VA loan, and an EEM is just one of the many ways to maximize your hard-earned benefit.
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Do VA Loans Require Radon Testing?A radon test is not required for VA home purchases but is recommended alongside a home inspection. The VA appraisal, however, is required for a VA home loan.
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Grossing Up Non-Taxable Income for VA LoansLenders consider your gross monthly income when evaluating what kind of mortgage you can afford. In other words, they’re looking at your major monthly debts in relation to your pre-tax income.
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Surviving Spouses, Children and VA LoansWhile children of veterans are not eligible for a VA loan, surviving spouses may be eligible if they fall into one of the VA’s three basic areas of consideration.
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VA Loan Eligibility for Public Health Service & NOAA OfficersJust like Veterans and military members’ families are eligible for a VA home loan, the U.S. Public Health Service (PHS) and the National Oceanic and Atmospheric Administration (NOAA) are also qualified, meaning they can secure $0 down payment mortgage.
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Credit Considerations for VA Buyers When Shopping for a MortgageHere we look at how shopping for a mortgage impacts your credit and how lenders, including Veterans United, typically use a different scoring metric compared to credit monitoring tools.
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Off-Grid Homes and VA Loans
VA loans offer one of the most affordable ways for Veterans and their surviving spouses to become homeowners. Along with low-interest rates and no down payment requirements, you can use them to buy many different kinds of homes, from standard single-family homes and condos to manufactured and modular homes.
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7 Key Reasons to Have a Home Inspection Before You BuyHome inspections are an instrumental part of the homebuying process, saving you a lot of time and money in the long run.
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Here's the Easiest Way to Get a Seller to Pay Your Closing CostsTypical VA loan closing costs can vary, but with a good offer and VA appraisal, sellers may be able to pay them all without sacrificing their bottom line. -
VA Loan Inspection Requirements: The Complete List of the VA MPRsThe VA has a form of home requirements known as the Minimum Property Requirements (MPRs) to ensure the property is a safe and sound investment for the homebuyer. Below we break down these requirements and how they differ from a traditional home inspection.
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